TEHRAN, Nov. 17 (MNA) – Islamic Republic of Iran Customs Administration (IRICA) said that imports of oily seeds into the country in the seven months of the current Iranian calendar year (March 21 – Oct. 21) registered a considerable 22 percent hike.

Statistics show that 10,450,000 tons of basic goods, valued at $5.343 billion, were imported into the country in the same period.

TEHRAN – Iran’s solar power output is due to reach 1000 megawatts (MW) by the end of the current Iranian calendar year (March 20, 2019), ISNA reported on Friday quoting the Iranian deputy energy minister.

According to Homayoun Ha'eri, the government has doubled the solar capacity for the last three-five years and it will continue this trend in the upcoming years.

TEHRAN (Tasnim) - South Korea's actual resumption of Iranian oil liftings could come from January onwards as it takes time to make various arrangements, including shippin

According to SPGlobal, South Korea was granted a temporary exemption for crude imports from Iran after agreeing to reduce its purchases 'significantly,' just as US sanctions against Tehran came into force early this month.

Great Eastern Energy Corporation to Venture into Shale Gas Exploration

November 16, 2018

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (“CBM”) Company, today announced an upgrade in its resources at its Raniganj (South) block, which has been provided by the independent reserve engineers, Advance Resources International, Inc. (“ARI”).

The Government of India has permitted exploration and exploitation of all types of hydrocarbons including shale resources"...

TEHRAN (FNA)- Japanese Ambassador to Tehran Mitsugu Saito met with Advisor to the Iranian Parliament Speaker Hossein Amir Abdollahian on Tuesday and asserted that Japan is determined to continue importing crude oil from Iran.

Showing defiance to US' pressures on other countries to abide by Washington's unilateral sanctions against Tehran, Saito asserted that Tokyo is committed to the Iran nuclear deal of 2015, also known also as the Joint"...

TEHRAN (FNA)- The National Iranian Oil Company (NIOC) held its second public sale of light crude oil to international clients through its Energy Bourse and managed to sell 700,000 barrels of fuel to direct buyers in an hour.

The National Iranian Oil Company (NIOC) had put 700,000 barrels of light oil up for grabs at a proposed price of $65.22 per barrel - $5 below the first sale that was held last week.

TEHRAN (FNA)- The National Iranian Oil Company (NIOC) intends to continue offering oil cargoes on the Iran Energy Exchange (IRENEX), a senior NIOC official said.

Speaking to Shana, Saeid Khoshrou, director of international affairs at NIOC, said the company would continue selling oil at IRENEX given its successful experience in the market. In an attempt to sell oil to the Iranian private sector, the company started large scale offering of crude oil"...

TEHRAN (FNA)- Isfahan Refinery in central Iran has gone through an optimization plan and is ready to launch the distillation unit of phase 3 which would add at least 120,000 barrels to the plant’s daily production capacity.

Deputy Director of Isfahan Refinery’s Engineering and Development, Naser Kheiri, said that 70 percent of the plant’s optimization equipment had been produced domestically, adding the unit took 36 months to complete"...

TEHRAN (Tasnim) – A top Iranian Navy commander shrugged off US threats against the Islamic Republic and said the Armed Forces are fully ready to guarantee the security of the country’s oil tankers in international waters.

“Causing any trouble for transportation and trade through international waterways is contrary to international law and basically, such measures would not be desirable or acceptable,” Rear Admiral Mahmoud"...